Chamath Palihapitiya, a tech investor, has a far more cautious outlook on cryptocurrencies
two years ago when he said that bitcoin has replaced gold and forecasted that it will rise to $200,000 in value.
In the most recent episode of the All-In podcast, Palihapitiya said that "crypto is dead in America."
Palihapitiya attributed a big portion of the death of cryptocurrency on regulators, who have been much more active
Gary Gensler, the chairman of the Securities and Exchange Commission,
has said that stringent U.S. securities regulations should be followed by crypto trading platforms.
Gensler recently made a connection between the failure of Silicon Valley Bank and the cryptocurrency
Palihapitiya said, "You had Gensler even blaming the banking crisis on crypto."